court knee caught up with jcpenney ceo ron johnson to get an update on the retailer. she joins us on the phone. >> just moments ago i wrapped up with speaking with ron johnson about how the business is is going in the middle of this big transformation. you know he's getting ready to speak in front of a group of investors and other retailers here in new york city. basically ron johnson said that what we can expect for holiday is that jcpenney style holiday. they will participate in black friday, but sticking with their fair and square plan. other than that, he wouldn't reveal the details but said november 1st we'll know much more about the holiday. interestingly for the first time since the announcement of the transformation, ron johnson also says today at 4:00 he'll be speaking with employees about those 400 jcpenney stores across the country that will not have shops. he said they will be changing the presentation and the product and will know a little more today. i believe we're the first ones to know that detail at this point. additionally, he does expect to grow sa